Article Category: Eco Analysis

People have never found the inflation that is released by the government credible. However, credibility has never been as low as it is now. But why? There are many reasons. The frequent management change at the Turkish Statistical Institute (TurkStat), which calculates inflation, is the leading one. In theory, TurkStat is an institution that measures...

We haven’t felt too much of the trouble of inflation until recent much about what kind of trouble inflation is until recently. Previously, there wasn’t a shortage of bread, queues at filling stations, and or bureaucrats who say they increased meat prices to prevent long lines of people waiting at butchers. We didn’t need inflation...

It’s necessary to draw this analogy once again: “Savings are like cats; they don’t do well when they’re cornered, they attack if they can’t run.” The Treasury and Finance Minister Nureddin Nebati almost proudly said they made the policy rate insignificant. However, in reality, other interest rates – the deposit interest rate, for instance –...

How many times have petroleum prices increased this month? Counting days is enough to understand how many times petroleum prices have been increased in March. How will petroleum prices affect the Consumer Price Index (CPI) if the prices, which are valid today, don’t change? Gasoline, diesel fuel, and liquified petroleum gas (LPG) prices will average...

Things are not going as planned. The rate of increase in prices is ‘expected’ to slow, but this isn’t happening. The Consumer Price Index (CPI) rose monthly by 4.81% in February after it increased by 13.58% in December and 11.10% in January. Although the February CPI seems to be a better good ratio, this doesn’t...

It would be optimistic to think that the troubles that will be caused Russia-Ukraine in the Turkish economy will be limited to just a few weeks. TOURISM GOES OFF THE RAILS Last year, 4.7 million tourists from Russia and 2.1 million from Ukraine came to Turkey. The share of Russian tourists in the total is...

Did we make a mistake in September, October, November, and December if now we are admitting that the interest rate cuts had negative results? Why didn’t we reduce the policy rate in February if interest rates are a good thing? I won’t say when this was, and under which government, but there was once an...

Savings are like cats; they don’t do well when they’re cornered. If you corner a cat, it will quickly attack when you least expect it. While you think that you have restrained it, it squirms out of your grasp, finds a way out, and runs. Savings have been like a cat that is cornered for...

“I wish we hadn’t given up on this competitive exchange rate policy,” we think. We would have taken steps to reduce the value of our currency, thus embarking on a path where exports would increase and imports would slow down. We would no longer have a current account problem. We were getting ready to reap...

The Central Bank (CB) forecasted year-end inflation for 2022 to be 23.2% in its first inflation report of the year. According to the CB, inflation may even fall to 18.2% in 2022. The highest estimation was 27.8%. The report also included the year-end inflation for 2023: 8.2%! The inflation report includes forecasts and risks that...